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Module 7.5
INCOTERMS® 2020 IN ENGLISH

Duration: 1 day (7 hours)

OBJECTIVES

  • To understand the concept of Incoterms® within the contract of sale,
  • To provide a thorough understanding of how Incoterms® are used to define buyers' and sellers' obligations, including determining what is included in the selling price and defining shipment responsibilities,
  •  To give a complete overview of the 11 standard international terms

CONTENT

Incoterms – the concept

  • What are Incoterms and why have Incoterms ?
  • Incoterms and the contract of sale
  • How to express Incoterms
  • The 2020 edition's Incoterms
  • Classification of Incoterms according to the mode of transport
  • Incoterms and domestic transactions

Incoterms – Sphere of application

  • Some historical background
  • The widespread use of containerized consignments and multimodal carriage
  • The use of electronic communication (EDI)
  • The security-related clearances for the conveyance of goods

Incoterms in practice

  • Scope of Incoterms
  • Division of costs
  • Transfer of risks
  • Place of delivery/passing of the risks

A review of the 11 Incoterms

  • EXW, FCA, CPT, CIP
  • DAP, DPU, DDP
  • FAS, FOB, CFR, CIF

What Incoterms do not address

  • Incoterms and transfer in ownership
  • Incoterms and commercial practices
  • Incoterms and customs of the port

Speaker : Patrick Naggiar - Consultant

Prochaines dates

Tarifs

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